Citigroup Upgrades Gannett Co to Neutral, Maintains Price Target to $5.1
Portfolio Pulse from Benzinga Newsdesk
Citigroup has upgraded Gannett Co (NYSE:GCI) from Sell to Neutral, maintaining the price target at $5.1.
September 17, 2024 | 1:30 pm
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Citigroup analyst Jason Bazinet has upgraded Gannett Co from a Sell to a Neutral rating, while maintaining the price target at $5.1. This suggests a more positive outlook on the stock, potentially stabilizing its price in the short term.
The upgrade from Sell to Neutral by Citigroup indicates a shift in the analyst's perspective, suggesting that the stock may not decline as previously expected. Maintaining the price target at $5.1 shows confidence in the stock's current valuation. This could lead to a stabilization or slight increase in the stock price as investors react to the improved rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100